Special to WorldTribune.com

Willy Lam, East-Asia-Intel.com

Perhaps the best comment on the just-ended plenary session of the Chinese Communist Party (CCP) Central Committee was made by the Shanghai and Hong Kong stock markets, which dropped respectively 1.83 percent and 1.91 percent on Wednesday, Nov. 13.

While the communique published after the four-day enclave pronounced that henceforward, market forces would play a “decisive role” in the allocation of economic resources, no decisions were made regarding weighty issues including ending the monopolies of state-held conglomerates or allowing rural residents to freely move to and work in the cities.

Nor were there announcements about speeding up the liberalization of the renminbi or allowing more foreign financial firms to be opened along the coast.

The attention of most domestic and foreign observers was focused on something which has nothing to do with economics: the creation of a National Security Commission (NSC) at the top echelon of the party-and-state apparatus to uphold state security and ensure the CCP’s status as China’s “perennial ruling party.”

Read complete article.

  After all the talk about reform, Chinese Communist Party Central Committee, National Security Commission, renminbi, Xi Jinping, Xi Jinping showed he was mainly interested in power